XTX Topco Ltd Acquires 6,404 Shares of LyondellBasell Industries (NYSE:LYB)

XTX Topco Ltd increased its stake in LyondellBasell Industries (NYSE:LYB) by 50.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,034 shares of the specialty chemicals company’s stock after purchasing an additional 6,404 shares during the period. XTX Topco Ltd’s holdings in LyondellBasell Industries were worth $1,821,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Norden Group LLC purchased a new stake in shares of LyondellBasell Industries during the 1st quarter valued at $3,686,000. Sound Income Strategies LLC lifted its stake in LyondellBasell Industries by 9.3% during the first quarter. Sound Income Strategies LLC now owns 221,737 shares of the specialty chemicals company’s stock worth $22,679,000 after purchasing an additional 18,901 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in shares of LyondellBasell Industries by 8.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 282,374 shares of the specialty chemicals company’s stock worth $26,512,000 after purchasing an additional 21,809 shares in the last quarter. Brevan Howard Capital Management LP boosted its holdings in shares of LyondellBasell Industries by 772.9% in the 4th quarter. Brevan Howard Capital Management LP now owns 20,914 shares of the specialty chemicals company’s stock worth $1,989,000 after purchasing an additional 18,518 shares in the last quarter. Finally, Banco Santander S.A. purchased a new position in shares of LyondellBasell Industries during the 1st quarter valued at about $3,607,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. JPMorgan Chase & Co. reduced their price target on shares of LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, September 13th. UBS Group reduced their target price on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Evercore ISI raised shares of LyondellBasell Industries to a “hold” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft raised their price objective on LyondellBasell Industries from $105.00 to $110.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. Finally, Wells Fargo & Company lowered their target price on LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, LyondellBasell Industries presently has an average rating of “Hold” and an average target price of $107.27.

LyondellBasell Industries Price Performance

Shares of LyondellBasell Industries stock opened at $96.09 on Friday. The company has a market cap of $31.29 billion, a PE ratio of 14.85, a P/E/G ratio of 1.28 and a beta of 1.07. The business has a 50 day moving average of $96.25 and a 200 day moving average of $98.07. LyondellBasell Industries has a 52 week low of $88.46 and a 52 week high of $107.02. The company has a quick ratio of 1.28, a current ratio of 2.10 and a debt-to-equity ratio of 0.82.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.23 by $0.01. LyondellBasell Industries had a net margin of 5.68% and a return on equity of 18.63%. The firm had revenue of $10.56 billion during the quarter, compared to analysts’ expectations of $10.44 billion. During the same period last year, the company posted $2.44 EPS. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. As a group, equities research analysts forecast that LyondellBasell Industries will post 8 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 26th were given a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $5.36 annualized dividend and a yield of 5.58%. LyondellBasell Industries’s payout ratio is 82.84%.

LyondellBasell Industries Profile

LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.